Aprincipal of $3100 is invested at 5.5% interest, compounded annually. how much will the investment be worth after 7 years?

$4501.51

Step-by-step explanation:

Because you're compounding annually, which is only once per year, you can use a simple formula:

Filling in our info gives us

Do the adding inside the parenthesis and then raise 1.055 to the 7th power to get

A(t)= 3100(1.454679161)

A(t)= $4509.51

for ex: the reciprocal of 3/4 is 4/3. it is the opposite.

reciprocal definition:

a mathematical expression or function so related to another that their product is one; the quantity obtained by dividing the number one by a given quantity.

answer: its the third option.

step-by-step explanation:

i just took the test.